As of close of business last night, Blend Labs Inc’s stock clocked out at $2.81, up 19.57% from its previous closing price of $2.35. In other words, the price has increased by $+0.4600 from its previous closing price. On the day, 4672052 shares were traded. BLND stock price reached its highest trading level at $2.9800 during the session, while it also had its lowest trading level at $2.5800.
Ratios:
To gain a deeper understanding of BLND’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.35 and its Current Ratio is at 5.35.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on December 20, 2023, Upgraded its rating to Overweight and sets its target price to $3.50 from $1.50 previously.
On November 14, 2022, Keefe Bruyette Upgraded its rating to Mkt Perform which previously was Underperform but kept the price unchanged to $2.25.
Keefe Bruyette Downgraded its Mkt Perform to Underperform on July 25, 2022, whereas the target price for the stock was revised from $4 to $2.75.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 13 ’24 when Jafari Amir bought 5,555 shares for $3.00 per share. The transaction valued at 16,665 led to the insider holds 396,451 shares of the business.
Ghamsari Nima sold 112,108 shares of BLND for $250,247 on Feb 23 ’24. The HEAD OF BLEND now owns 116,474 shares after completing the transaction at $2.23 per share. On Feb 13 ’24, another insider, Jafari Amir, who serves as the HEAD OF FINANCE AND ADMIN. of the company, bought 6,051 shares for $2.61 each. As a result, the insider paid 15,777 and bolstered with 81,610 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BLND now has a Market Capitalization of 702.25M and an Enterprise Value of 715.02M. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.52. Its current Enterprise Value per Revenue stands at 4.56 whereas that against EBITDA is -4.99.
Stock Price History:
Over the past 52 weeks, BLND has reached a high of $3.37, while it has fallen to a 52-week low of $0.53. The 50-Day Moving Average of the stock is 2.6236, while the 200-Day Moving Average is calculated to be 1.6447.
Shares Statistics:
It appears that BLND traded 1.70M shares on average per day over the past three months and 2.84M shares per day over the past ten days. A total of 240.26M shares are outstanding, with a floating share count of 158.42M. Insiders hold about 37.24% of the company’s shares, while institutions hold 25.99% stake in the company. Shares short for BLND as of Feb 29, 2024 were 7.45M with a Short Ratio of 4.37, compared to 9.75M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.00% and a Short% of Float of 3.29%.
Earnings Estimates
As of right now, 5 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.08, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.03 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.11 and -$0.38 for the fiscal current year, implying an average EPS of -$0.21. EPS for the following year is -$0.06, with 4 analysts recommending between -$0.03 and -$0.08.
Revenue Estimates
In the current quarter, 6 analysts expect revenue to total $41.34M. It ranges from a high estimate of $47.2M to a low estimate of $37.44M. As of the current estimate, Blend Labs Inc’s year-ago sales were $37.34M, an estimated increase of 10.70% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $46.5M, an increase of 15.90% over than the figure of $10.70% in the same quarter last year. There is a high estimate of $56.01M for the next quarter, whereas the lowest estimate is $40.97M.
A total of 6 analysts have provided revenue estimates for BLND’s current fiscal year. The highest revenue estimate was $200.16M, while the lowest revenue estimate was $166M, resulting in an average revenue estimate of $176.7M. In the same quarter a year ago, actual revenue was $156.85M, up 12.70% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $229.18M in the next fiscal year. The high estimate is $252.39M and the low estimate is $199.7M. The average revenue growth estimate for next year is up 29.70% from the average revenue estimate for this year.
